The Joint Corp. (NASDAQ:JYNT) Shares Acquired by Fmr LLC

Fmr LLC increased its stake in shares of The Joint Corp. (NASDAQ:JYNT) by 38.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,787 shares of the company’s stock after purchasing an additional 2,971 shares during the quarter. Fmr LLC owned 0.07% of Joint worth $123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. O Brien Greene & Co. Inc raised its position in Joint by 0.9% during the 2nd quarter. O Brien Greene & Co. Inc now owns 115,620 shares of the company’s stock worth $1,626,000 after buying an additional 1,000 shares during the last quarter. Douglass Winthrop Advisors LLC increased its stake in shares of Joint by 4.1% during the third quarter. Douglass Winthrop Advisors LLC now owns 146,400 shares of the company’s stock worth $1,675,000 after acquiring an additional 5,800 shares during the period. Verus Capital Partners LLC raised its holdings in Joint by 5.9% during the third quarter. Verus Capital Partners LLC now owns 132,955 shares of the company’s stock worth $1,521,000 after purchasing an additional 7,440 shares in the last quarter. American Century Companies Inc. lifted its position in Joint by 47.7% in the second quarter. American Century Companies Inc. now owns 24,170 shares of the company’s stock valued at $340,000 after purchasing an additional 7,804 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Joint in the 2nd quarter valued at approximately $144,000. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JYNT. Roth Mkm cut their target price on Joint from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th. StockNews.com upgraded Joint from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

Joint Trading Down 0.2 %

JYNT stock opened at $10.27 on Monday. The Joint Corp. has a 52 week low of $8.88 and a 52 week high of $17.82. The company has a market cap of $153.89 million, a P/E ratio of -9.01 and a beta of 1.57. The company’s 50-day moving average price is $11.35 and its 200 day moving average price is $12.11.

Joint Company Profile

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.